QUESTION OF THE WEEK

Question of the Week: 7/22/2009

Are there times when an X-wave can take more time than the A-B-C preceding it?

Answer:

Yes, and you mention a specific example in your original question, which was edited out, but which I am quoting now. On your long-term stock market wave count you have a "...115 year running correction where a large X wave takes much more time than the pattern before it."

X-waves are allowed to (and should) take more time than the preceding A-B-C correction IF the X-wave is larger in price. This creates what I call, in Mastering Elliott Wave, a "Double-Three Running" correction (see Chapter 12). If wave-X is smaller in price than the previous A-B-C, then wave-X must take less time than the prior A-B-C.

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